Chilton Marc A. 4

What Happened Marc A. Chilton, Chief Operating Officer of Shoe Carnival (SCVL), had 4,355 shares disposed on 2026-03-31 at an implied price of $15.38 per share, for a total value of $66,980. The disposition was reported on Form 4 as code F (payment of exercise price or tax liability) and reflects shares withheld to satisfy income and payroll tax withholding on vested restricted stock units (RSUs) rather than an open-market sale.

Key Details

• Transaction date and price: 2026-03-31, 4,355 shares @ $15.38 = $66,980.
• Transaction type/code: F — shares withheld to satisfy tax obligations on RSU vesting (footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: 2026-04-02 (the Form 4 was filed shortly after the transaction and appears timely).

Context This was a tax-withholding disposition tied to RSU vesting, a common administrative action that reduces the insider's share count to cover tax liabilities. Such withholding transactions are routine and do not indicate an open-market sale or necessarily reflect the insider's market view. Purchases by insiders tend to be more direct signals of confidence; tax withholdings are standard paperwork following awards.